New York State Common Retirement Fund Reduces Stock Holdings in Broadcom Inc. $AVGO

New York State Common Retirement Fund lessened its holdings in Broadcom Inc. (NASDAQ:AVGO) by 4.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,349,259 shares of the semiconductor manufacturer’s stock after selling 278,009 shares during the period. Broadcom makes up approximately 2.3% of New York State Common Retirement Fund’s portfolio, making the stock its 7th biggest holding. New York State Common Retirement Fund owned 0.11% of Broadcom worth $1,764,774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. JCIC Asset Management Inc. bought a new stake in shares of Broadcom in the 3rd quarter worth approximately $31,000. Longfellow Investment Management Co. LLC purchased a new stake in Broadcom in the second quarter worth $27,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Broadcom in the second quarter valued at $28,000. Manning & Napier Advisors LLC purchased a new position in shares of Broadcom during the 3rd quarter valued at $34,000. Finally, LGT Financial Advisors LLC bought a new position in shares of Broadcom during the 2nd quarter worth $31,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Mizuho set a $480.00 price objective on Broadcom and gave the company an “outperform” rating in a research note on Friday, January 9th. Benchmark boosted their price target on shares of Broadcom from $385.00 to $485.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Raymond James Financial set a $420.00 price objective on shares of Broadcom and gave the stock an “outperform” rating in a report on Thursday, November 20th. UBS Group set a $475.00 price objective on shares of Broadcom and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, KeyCorp restated an “overweight” rating and set a $500.00 target price (up previously from $460.00) on shares of Broadcom in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $437.28.

Broadcom Stock Down 3.3%

AVGO opened at $320.33 on Wednesday. The firm has a market capitalization of $1.52 trillion, a P/E ratio of 67.30, a price-to-earnings-growth ratio of 1.10 and a beta of 1.21. Broadcom Inc. has a one year low of $138.10 and a one year high of $414.61. The company has a fifty day moving average price of $353.53 and a 200-day moving average price of $338.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.71 and a quick ratio of 1.58.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.08. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The company had revenue of $18.02 billion during the quarter, compared to analyst estimates of $17.46 billion. During the same quarter last year, the company earned $1.42 earnings per share. The firm’s quarterly revenue was up 28.2% on a year-over-year basis. Equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, December 22nd. Broadcom’s dividend payout ratio (DPR) is currently 54.62%.

Insiders Place Their Bets

In other Broadcom news, CFO Kirsten M. Spears sold 30,000 shares of Broadcom stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the completion of the sale, the chief financial officer directly owned 277,237 shares in the company, valued at $96,428,573.34. The trade was a 9.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Harry L. You purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was bought at an average cost of $325.13 per share, for a total transaction of $325,130.00. Following the acquisition, the director directly owned 36,602 shares in the company, valued at approximately $11,900,408.26. The trade was a 2.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 779,901 shares of company stock valued at $284,069,237 over the last three months. Corporate insiders own 2.00% of the company’s stock.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is repeatedly cited as a key beneficiary of the custom AI‑chip boom and strong AI semiconductor demand, supporting multi‑year revenue tailwinds. Broadcom and TSMC Emerge as ‘Big Winners’ in Custom AI Chip Boom
• Positive Sentiment: Analyst sentiment remains supportive: institutional upgrades and Wall Street notes point to meaningful upside potential, which underpins medium‑term buyer interest. Wall Street Projects 38% Upside To Broadcom Inc. (AVGO)
• Positive Sentiment: Zacks and other outlets flag Broadcom’s strong earnings‑surprise history and favorable setup to beat next quarterly numbers, which can support the stock into the March results. Will Broadcom Inc. (AVGO) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Broadcom announced its fiscal Q1 results date (after the close on Mar. 4); investors will get fresh guidance and a near‑term catalyst then. Broadcom Inc. to Announce First Quarter Fiscal Year 2026 Financial Results on Wednesday, March 4, 2026
• Neutral Sentiment: Market commentary and “buy‑the‑dip” pieces argue the pullback may be a buying opportunity given secular AI exposure, but these are opinion‑driven and hinge on near‑term execution. As Broadcom Shares Slide, Is AVGO Stock a Buy on the Dip?
• Neutral Sentiment: Reported short‑interest notes show an apparent increase, but the published figures in recent feeds look inconsistent (zeros/NaN), so short‑interest impact is unclear and should be treated cautiously.
• Negative Sentiment: Near‑term pressure: Broadcom shares moved lower on heavier volume today, suggesting profit‑taking and short‑term positioning are weighing on the stock despite the positive fundamental backdrop. Broadcom Inc. (AVGO) Declines More Than Market: Some Information for Investors

About Broadcom

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.